Friday, 30 December 2016

Stock Market Today:Second Chance sees 1Q net profit drop by half



Lower sales from Second Chance Properties' apparel, properties and securities business cut its 1Q17 net profit by half to $1.26 million from a year ago.

Revenue for the quarter ended Nov fell 9.8% to $7.4 million.

Sales from the apparel business fell 32.2% to $1.2 million due to the closure of 11 shops in Malaysia during the quarter, the weakening Malaysian Ringgit and higher competition.

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Genting sing
Cnmc goldmine
Capitamall trust
Kris energy

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY CAPITACOM TRUST AT 1.48 TARGET 1.53, 1.58 SL 1.42


Thursday, 29 December 2016

Stock Market Today:6 reasons to remain positive on US & EM equities in the year ahead



Swiss global financial services company UBS is staying positive on US and emerging market (EM) equities in the year ahead.

In its UBS House View for 2017 strategy report, its chief investment office (CIO) highlights several opportunities in these two asset classes which could support their growth well into 2017.

Hot Stocks for Intra & Contra Day Trader in SGX Market
NOBLE
EQATION 
YUUZOO
QT VASCULAR

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY SUNMOONFOOD AT 0.097 TARGET 0.101, 0.106 SL 0.091


Wednesday, 28 December 2016

Stock Market Today:Singapore's year of misbehaving moneymen puts MAS on high alert



The naughty list for Singapore financiers has rarely been so long.

From the 1Malaysia Development Bhd-linked scandal to a 333-count front-running case and the largest market-manipulation prosecution in Singapore's history, this year's allegations of moneymen behaving badly have put the city-state's image as a squeaky-clean financial hub to the test.

Hot Stocks for Intra & Contra Day Trader in SGX Market
PARKSON RETAIL
SPACKMAN
SUNMOONFOOD
KRIS ENERGY
EQUATION

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY ALLIANCE MINERAL AT 0.093 TARGET 0.097, 0.102 SL 0.087 
MMFS KL INTRADAY  SIGNAL: BUY MHB AT 0.90 TARGET 0.93, 0.96 SL 0.086


Tuesday, 27 December 2016

Stock Market Today:Investors bet on Vietnam even as valuations top Southeast Asia



Vietnam stocks are pricier than their Southeast Asian peers for the first time in two years -- and they are about to become more expensive.

There is room to grow, said Dominic Scriven, Ho Chi Minh City-based Chairman at Dragon Capital. "We are looking for 19% net growth for earnings next year," as the economy expands and inflation remains stable, he said.

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EZRA
SPACKMAN
NOBLE
REX INTL
GENTING SING

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY SINGMYANMAR AT 0.535 TARGET 0.560, 0.588 SL 0.508
MMFS SG INTRADAY  SIGNAL: BUY REXINTL AT 0.068 TARGET 0.071, 0.074 SL 0.063

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Friday, 23 December 2016

Stock Market Today:Ezion to ride recovery in oil & gas sector



An oil price rebound and the resumption of service rigs that are currently under repair or upgrade are expected to lead the way for an earnings recovery for Ezion Holdings in 2017.

In addition, Ezion's recent venture into offshore windfarm could be a medium-term growth engine, according to DBS Group Research.

Ezion in 3Q saw earnings fall 69.1% to US$9.4 million ($13.2 million) on lower revenue. Earnings was about a third of the US$30.4 million reported in the same quarter a year ago.

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Alliance mineral 
Spackman
Nobleezra
Vashion

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY EZRA AT 0.044 TARGET 0.046, 0.048 SL 0.041

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Thursday, 22 December 2016

Stock Market Today:Would an asset swap be good for ThaiBev investors?



Investors of Thai Beverage have been looking forward to an asset swap between ThaiBev and TCC Assets - controlled by ThaiBev's chairman Charoen Sirivadhanabhakdi - after Fraser & Neave declared a dividend in specie of Frasers Centrepoint's shares in 2013.

But would such a move be beneficial to ThaiBev's shareholders?

DBS Group Research analyst Andy Sim does not think so.

The purported swap exercise imagined by the market is likely to result in earnings dilution for ThaiBev, said Sim.

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Great eastern
Hupsteel
Starhub
Singtel
Golden Agri 

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY GOLDEN AGRI AT 0.440 TARGET 0.460, 0.484 SL 0.419
MMFS KL INTRADAY  SIGNAL: BUY EFORCE AT 1.22 TARGET 1.27, 1.30 SL 1.16

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Wednesday, 21 December 2016

Stock Market Today:Comfort Delgro takes 100% control of Cabcharge



ComfortDelgro has entered into an agreement with Cabcharge Australia to acquire the remaining 49% stake in ComfortDelGro Cabcharge (CDC) for A$186 million ($196 million).

CDC was formed in 2005 following the acquisition of the Westbus Group by ComfortDelGro and Cabcharge.

Since then, CDC has grown to become one of the largest private bus operators in New South Wales and Victoria, operating contract scheduled bus, school bus, private contract and charter bus services. It has a combined fleet of 1,712 buses and a total staff strength of about 2,300.

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EZRA
SINGTELNOBLE
GENTING SING
KRIS ENERGY 

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY QT VASCULAR AT 0.083 TARGET 0.085, 0.088 SL 0.079
MMFS KL INTRADAY  SIGNAL: BUY MYCRON AT 1.05 TARGET 1.08, 1.12 SL 1.00
MMFS KL INTRADAY  SIGNAL: BUY SUPERMX AT 2.13 TARGET 2.20, 2.27 SL 2.04

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Tuesday, 20 December 2016

Stock Market Today:A case for defensive transport stocks



DBS is recommending the transport-related sector for its defensive and resilient nature plus strong balance sheet to weather the continuing uncertainty.

DBS analysts Paul Yong and Suvro Sarkar noted that organic growth will be limited for the transport companies. For one, lower fuel costs are expected to translate into lower fares for ComfortDelgro and lower ticket prices for SIA Group.

Hot Stocks for Intra & Contra Day Trader in SGX Market
Golden agri
Natural cool
Genting sing
Geo energy
Allience mineral
Singtel 

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY SPACKMAN AT 0.194 TARGET 0.200, 0.207 SL 0.186
MMFS SG INTRADAY  SIGNAL: BUY SUNMOONFOOD AT 0.089 TARGET 0.093, 0.097 SL 0.084

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Monday, 19 December 2016

Stock Market Today:How TPG is about to disrupt Singapore's mobile industry



UOB Kay Hian is maintaining its underweight call on the telecommunications (telecom) sector now that TPG Telecom has emerged victorious as Singapore's fourth mobile operator.

The research house is keeping its "buy" recommendation on SingTel at a target price of $4.53 given that its Singapore-based mobile business accounts for 13% of group revenue, while reiterating its "sell" calls on M1 and StarHub at target prices of $1.76 and $2.40 for their vulnerability to increased competition ahead.

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Natural cool
Spcakman
Global logistics
Ezion
Equation 

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY QT VASCULAR AT 0.085 TARGET 0.088, 0.091 SL 0.082
MMFS KL INTRADAY  SIGNAL: BUY  SOLID AT 1.29 TARGET 1.33, 1.38 SL 1.23

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Friday, 16 December 2016

Stock Market Today :GEARing up to ride the big coal price run



After being suspended for 18 months, shares of Golden Energy and Resources (GEAR) are currently trading at a bargain compared with those of other Indonesia-based coal miners.

According to GEAR's chief investment officer (CIO), Mark Zhou, the company is now trading at an average discount of 48% versus producers such as Adaro Energy and Bayan Resources.

GEAR resumed trading this past week, following the announcement of the completion of a compliance placement of 181 million shares at 67 cents apiece to institutional shareholders.

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SINGTEL
CIVMEC
WILMAR INTL
SIA
VENTURE

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY CIVMEC AT 0.440 TARGET 0.455, 0.470 SL 0.424
MMFS SG INTRADAY  SIGNAL: KINDLY BOOK FULL PROFIT IN CIVMEC AT 0.470

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Thursday, 15 December 2016

Stock Market Today :Mapletree Logistics Trust to acquire 4 properties in Australia for $152 mil



Mapletree Logistics Trust is set to expand further in Australia, with the proposed acquisition of a portfolio of four logistics properties in Victoria for a total of A$142.2 million ($151.9 million).

Mapletree Logistics Trust Management, the Manager of MLT, announced on Thursday that the four properties will be acquired from Growthpoint Properties Australia.

They have a total gross floor area of 103,517 sq m on a combined land area of 362,230 sq m, and are currently 100% leased to leading Australian and multinational corporations.

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JMH USD
OLAM INTLFOOD EMPIRE
ACROMEC
SIA

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY OLAM INTL AT 2.07 TARGET 2.14, 2.21 SL 1.98
MMFS SG INTRADAY  SIGNAL: BUY PROCURRI AT 0.435 TARGET 0.450, 0.465 SL 0.419

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Wednesday, 14 December 2016

Stock Market Today :Singapore is 6th most expensive country for tech gadgets



Thinking of buying an Apple iPhone for Christmas? Don't do it in Singapore.

The city-state is the second most expensive country in the world to buy an iPhone, according to the 2016-2017 Technology Price Index released Wednesday by ecommerce platform Linio.com.

Overall, Singapore was found to be the 6th most expensive country for tech gadgets.

Venezuela is the most expensive country for all tech products due to inflation.

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ACROMEC
OCBC BANK
SIA
VENTURE
DBS

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY INDOFOOD AGRI AT 0.570 TARGET 0.595, 0.610 SL 0.545
MMFS SG POSITIONAL SIGNAL: BUY INDOFOOD AGRI AT 0.570 TARGET 0.627,0.684 SL 0.513

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Tuesday, 13 December 2016

Stock Market Today :This company wants to catch all the startups



Two and a half years were all Patrick Grove needed to know that he was not meant to be an accountant.

All ever wanted to do was to build and grow [companies], whereas all an accountant does is to count, he tells Enterprise in an interview. It just wasn't for me.

So in 1999 as the dotcom bubble was rapidly expanding, Grove left the now-defunct Big Five accounting firm Arthur Andersen to found an online search engine and portal in Malaysia called Catcha.com. He was just 24.

Hot Stocks for Intra & Contra Day Trader in SGX Market
SINGPOST
WILMER
SIA
HYFLIUX
HYFLUX
STARHUB

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY HYFLUX AT 0.500 TARGET 0.517, 0.535 SL 0.479
MMFS KL INTRADAY  SIGNAL: BUY PENTA AT 1.25 TARGET 1.30, 1.37 SL 1.18

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Monday, 12 December 2016

Stock Market Today :You can bank on this stock in 2017



DBS is upgrading OCBC to buy with target price of $10.30 as earnings are set to rise in anticipation of higher Net Interest Margins (NIM) and worries of the worst of NPLs (Non-Performing Loan) over.

DBS also likes OCBC for having a better wealth management unit as well as its ability to keep credit costs low compared to the rest of its peers.

In a recent report, analyst Lim Sue Lin says Singapore banks are set to deliver NIMs with rate hikes almost a certainty in the coming quarters.

Hot Stocks for Intra & Contra Day Trader in SGX Market
ACROMEC
SEMBCORP MARINE
KEPPEL
GREAT EASTERN
BOUSTEAD

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY EZION AT 0.400 TARGET 0.414, 0.428 SL 0.385
MMFS SG INTRADAY  SIGNAL: BUY COGENT AT 0.640 TARGET 0.662, 0.684 SL 0.614

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Friday, 9 December 2016

Stock Market Today :Reports of demise of Electronics Manufacturing Services greatly exaggerated



The heady days of rapid growth o Singapore's Electronics Manufacturing Services industry may be over but the industry's revenue is still set to continue growing, according to CIMB analysts William Tng and Ngoh Yi Sin.

Technology market research firm, New Venture Research Corp, expects the local EMS industry revenue to grow at a five-year compounded average growth rate (CAGR) of 6.2% between 2015 and 2020. By those estimates, the industry could command some US$580 billion ($826 billion) in annual revenues in 2020.

But where is the new growth coming from?

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JMH
STARHUB
CHINA INTL
KEPPEL T&T
DELFI
JARDINE C&C

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY HMI AT 0.680 TARGET 0.703, 0.727 SL 0.656
MMFS KL INTRADAY  SIGNAL: BUY MITRA AT 1.22 TARGET 1.28, 1.34 SL 1.14

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Thursday, 8 December 2016

Stock Market Today :Growth of Riverstone on track despite repatriation rule



Maybank Kim Eng is maintaining its hold call on Riverstone Holdings with a target price of 92 cents, saying the recent correction to its stock price has been overdone.

Shares of Riverstone as well as other Malaysian glovemakers have slid about 3% this week after Malaysia announced measures requiring exporters to repatriate 75% of their foreign currency proceeds.

We believe the selling is overdone as the move has a limited impact on Riverstone's earnings, says analyst John Cheong in a Thursday report.

Hot Stocks for Intra & Contra Day Trader in SGX Market
JSH
CHINA INTL
CITYDEV
KEPPEL CORP
SINGTEL

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY YUUZOO AT 0.156 TARGET 0.160, 0.166 SL 0.149
MMFS SG INTRADAY  SIGNAL: BUY EZION AT 0.370 TARGET 0.388, 0.407 SL 0.350

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Wednesday, 7 December 2016

Stock Market Today :Harvest better returns from palm oil firms in 2017



2017 could finally be a better year for commodities as higher fresh fruit bunches output and crude palm oil prices fuel improved earnings for upstream palm oil companies.

The key driver for 2017 earnings will be higher FFB (Fresh Fruit Brunches) yields as the El Nino effect fades," said CIMB analyst Ivy Ng in a note on Tuesday, adding that the higher yields would reduce production costs per tonne for crude palm oil (CPO).

Hot Stocks for Intra & Contra Day Trader in SGX Market
Singtel
Venture
Sia
Genting sing
Singmyanmar

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY INDOFOOD AGRI AT 0.555 TARGET 0.574, 0.593 SL 0.535
MMFS KL INTRADAY  SIGNAL: BUY CAB AT 1.58 TARGET 1.63, 1.69 SL 1.52

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Tuesday, 6 December 2016

Stock Market Today :Battle of the property plays in a risk-averse environment



Maybank Kim Eng is maintaining a neutral stance on Singapore's property sector while positioning defensively at the lower end of the risk spectrum, expressing a preference for exposure to stable platforms over trading portfolios.

With another challenging year ahead for the physical market, we struggle to turn more positive on property counters despite cheap valuations, comments analyst Derrick Heng in a Monday report.

Hot Stocks for Intra & Contra Day Trader in SGX Market
Noble
Yuuzoo
Ezion
Global logistics
Capitaland

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY SUNMOONFOOD AT 0.100 TARGET 0.105, 0.110 SL 0.094
MMFS SG INTRADAY  SIGNAL: BUY SPACKMAN AT 0.145 TARGET 0.150, 0.155 SL 0.137

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Monday, 5 December 2016

Stock Market Today :United Global to establish Taiwan JV with distributor, clarifies CIMB report



United Oil Company, a subsidiary of United Global Limited, has entered a shareholders agreement

with Jin Wei Chuang, the group's existing distributor in Taiwan, to incorporate a joint venture (JV) company in Taiwan.
Jin Wei Chuang is in the business of importing and distributing lubricants and automotive spare parts in Taiwan.

In a Monday statement, United Global says the JV's principal activity will be in distributing lubricants of United Oil's in-house brands in Taiwan, and trading of third party's lubricants from time to time.

Hot Stocks for Intra & Contra Day Trader in SGX Market
WILMER
CITYDEV
VENTURE
OCBC BANK
SIA

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY SING MEDICAL AT 0.435 TARGET 0.450, 0.465 SL 0.419
MMFS KL POSITIONAL  SIGNAL: BUY AJIYA AT 0.620 TARGET 0.690, 0.744 SL 0.549

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Friday, 2 December 2016

Stock Market Today :O&G sector remains a trading play at best for now UOB



UOB Kay Hian has upgraded its rating on Singapore's oil and gas (O&G) sector to "market weight"

for both its offshore marine and shipyard segments, following the Organization of the Petroleum Exporting Countries' (OPEC) announcement of agreeing to cut oil production.

Hot Stocks for Intra & Contra Day Trader in SGX Market
Venture
China intl
Global logistics
Keppel
Cordlife

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY BEST WORLD AT 1.39 TARGET 1.43, 1.48 SL 1.33
MMFS KL INTRADAY  SIGNAL: BUY EFORCE AT 1.25 TARGET 1.30, 1.36 SL 1.19

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Thursday, 1 December 2016

Stock Market Today :Global bonds suffer worst monthly meltdown as US$1.7 trillion lost



The 30-year-old bull market in bonds looks to be ending with a bang. The Bloomberg Barclays Global Aggregate Total Return Index lost 4% in November, the deepest slump since the gauge's inception in 1990.

Gathering US economic momentum and Donald Trump's election win -- and his promises of tax cuts and US$1 trillion ($1.43 trillion) in infrastructure spending -- spurred investors to dump debt that was offering near-record-low yields and pile into stocks.

Hot Stocks for Intra & Contra Day Trader in SGX Market
KEPPEL
JARDON C & C
SEMBCORP MARINE
DBS
OCBC BANK 

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Today Recommendations :
MMFS SG INTRADAY  SIGNAL: BUY SUNMOONFOOD AT 0.093 TARGET 0.096, 0.099 SL 0.088
MMFS KL INTRADAY  SIGNAL: BUY SALUTE AT 1.25 TARGET 1.29, 1.33 SL 1.20

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